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Q4 2016Corporate Governance Quarterly UpdateSayOnPay Frequency: Is It as Easy as 1, 2 or 3? Section 951 of the Doddering Wall Street Reform and Consumer Protection Act (Doddering) requires, among
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To fill out say-on-pay frequency, follow these steps:
02
Review the company's proxy statement or annual report that contains the say-on-pay frequency proposal.
03
Look for the section that discusses the frequency options (e.g., 1 year, 2 years, 3 years) and the board's recommendation.
04
Consider the company's executive compensation practices, financial performance, and shareholder voting trends to make an informed judgment.
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Decide on the appropriate frequency option based on your analysis.
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Mark your selection on the proxy card or voting instruction form as directed.
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Submit the completed proxy card or voting instruction form through the designated channels (e.g., mail, online, phone).

Who needs say-on-payfrequencyisitaseasyas12or3?

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Say-on-pay frequency is important for shareholders and investors who want to have a say in determining how often a publicly traded company should hold a say-on-pay vote. It allows shareholders to express their preference for annual, biennial, or triennial votes on executive compensation. Institutional investors, such as mutual funds and pension funds, often pay close attention to say-on-pay frequency as part of their corporate governance and engagement strategies. Additionally, proxy advisory firms and corporate governance experts utilize say-on-pay frequency as a factor in evaluating companies' compensation practices.
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Say-on-pay frequency refers to how often a company holds a shareholder vote on executive compensation.
Public companies are required to file say-on-pay frequency votes with the SEC.
The company's board of directors will determine the frequency of say-on-pay votes based on shareholder input.
The purpose is to provide shareholders with a say on executive compensation practices and policies.
The report must include the company's chosen frequency of say-on-pay votes.
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